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India Corn Exports Competitive Regionally

10.03.2021 21:07 "Agro Perspectiva" (Kyiv) According to the report of the USDA Grain: World Markets and Trade (March 2021),

after over a year of high domestic corn prices, a contraction in poultry feed demand due to COVID19 has led to a substantial easing of prices, making India corn exports competitive in the South Asia region once again. Currently, these are forecast at

1.8 million tons for 2020/21, which, if realized, would be the largest export volume since 3.9 million tons in 2013/14. From 2014 to mid-2018, the national average domestic corn price was approximately $200 per ton, shooting up to $275 per ton by July 2019 due to production concerns and strong domestic use. Exports to Bangladesh, and to a lesser extent Nepal, have expanded considerably beginning in July 2020. This has occurred as prices returned to pre-2018 levels amid the drop in domestic poultry feed demand and record high production in 2020/21.

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